UK sheds 730,000 jobs because of the pandemic and wages are falling

London (CNN Business)The UK economy has shed 730,000 jobs since the coronavirus pandemic shuttered businesses in March, with the young, the old and the self-employed bearing the brunt of the unemployment crisis. The Office for National Statistics said Tuesday that there was a record drop in the number of workers over the age of 65 on company payrolls during the April-June quarter, while people under 24 were also hit hard. The...